Alcoa to Acquire South32’s Aluminum Assets in $5.6 Billion Deal
The deal boosts Alcoa’s production by over 50% and delivers $900M in synergies.
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Morgan Stanley: Alcoa’s Sharp Selloff on Alumina Pressure Appears Overdone
Alcoa shares fell on Wednesday after profit warnings on alumina losses driven by energy costs and geopolitical disruptions. Morgan Stanley remains positive.
Higher Aluminum Prices Help Alcoa, But Q1 Shipments Hit by Delays and Disruptions
Alcoa posted mixed Q1 results: profits rose, sales and shipments fell, but it expects recovery and stronger performance in Q2.
Alcoa Stock Surges Amid Middle East Supply Concerns
Iran’s weekend attacks on major Persian Gulf aluminum plants triggered sharp price jumps. Supply shortages could push aluminum to record highs, affecting planes, solar panels, and packaging.
JPMorgan Downgrades Alcoa Stock to Underweight
JPMorgan lowers its rating on Alcoa to Underweight, raises the price target to $50, and explains why aluminum looks less attractive than copper right now.